This 12 month policy includes cover for non-payment of rent up to £50,000, eviction costs and legal expenses up to £50,000.
100% of your rental income - unlimited period of rent arrears covered up to £50,000
Zero excess - there is no excess to pay should you need to make a claim. Successful claims are also paid out within 4 weeks.
Making a claim with Upad Rent Protection is easy
Upad: Claim received
Once a claim is received our claims department will review the claim within 7 days, and arrange for the equivalent monthly rental value to be paid to you as soon as possible.
We will then assess the arrears situation and determine whether legal action to evict the tenant is also possible.
Upad: Legal action
Once the tenant has failed to pay 2 monthly rental payments we will typically begin legal action to evict the tenant.
Once the tenant has been evicted and you have been granted a vacant possession, we will continue to pay 50% of the rental income for a further 2 months.
Upad: Policy transfer
If your tenancy ends before the insurance policy ends, then you can transfer the Rent Protection product to cover your new tenants (provided that they pass tenant referencing completed by Upad's referencing service.)